Constellium Se Stock Price, News & Analysis

Constellium SE (NYSE: CSTM) has partnered with Renault Group to implement a closed-loop recycling system for the Megane E-TECH Electric. This innovative process will recycle aluminum manufacturing scrap back into production, minimizing CO₂ emissions and maintaining material integrity. Constellium will provide high-quality aluminum sheets for both outer and inner panels of the vehicle. This partnership enhances both companies' sustainability efforts and contributes to the circular economy in the automotive sector. Additionally, Constellium is expanding its recycling capabilities with a €130 million investment in a new facility in Neuf-Brisach, expected to boost recycling capacity by approximately 130,000 tons by 2025.

Constellium SE (NYSE: CSTM) reported its Q1 2023 results, showing shipments of 389 thousand metric tons, a 3% decline from Q1 2022. Revenue fell 1% to €2.0 billion, while Value-Added Revenue (VAR) rose 16% to €754 million. Net income dropped significantly to €22 million from €179 million in the previous year. Adjusted EBITDA stood at €166 million, down 1%. Notably, cash from operations was €34 million, but free cash flow was negative at €(34) million. The company's net debt to LTM Adjusted EBITDA ratio was 2.8x. CEO Jean-Marc Germain expressed optimism despite ongoing economic uncertainties, raising the Adjusted EBITDA guidance for 2023 to between €650 million and €680 million.

Constellium SE (NYSE: CSTM) will conduct a conference call on April 26, 2023, at 10:00 AM ET to disclose its first quarter 2023 results. A press release will precede this event, ensuring investors have the latest information prior to market opening.

The call will be led by CEO Jean-Marc Germain and CFO Jack Guo. Interested parties can access the call via webcast on the Constellium Investor Relations page, and a recording will be available for three weeks following the event.

To join by phone, participants can dial various international numbers with the access code 442391. Constellium is recognized for its innovative aluminium products across multiple industries, reporting revenues of €8.1 billion in 2022.

Constellium SE (NYSE: CSTM) has submitted its annual report on Form 20-F for the fiscal year ending December 31, 2022, to the U.S. Securities and Exchange Commission. The report highlights that Constellium generated €8.1 billion in revenue during 2022, cementing its position as a leader in delivering innovative aluminum products across various markets, including aerospace and automotive. The full report is accessible on Constellium's website and the SEC's website. Shareholders can request hard copies of the audited financial statements free of charge.

On March 3, 2023, Constellium's CEO, Jean-Marc Germain, participated in a White House roundtable focused on industrial innovation and decarbonization, alongside U.S. officials and industry leaders. Germain emphasized the significance of public investments, such as those from the Inflation Reduction Act, to facilitate a transition to low-carbon operations while ensuring job protection and competitiveness. He underscored recycling's vital role in a sustainable economy and advocated for enhanced recycling initiatives. Constellium aims to reduce its greenhouse gas emissions intensity by 30% by 2030 compared to 2021 and to utilize at least 50% recycled input by the same year.

Constellium SE (NYSE: CSTM) reported its Q4 2022 results, showing a 5% decline in shipments to 368k metric tons, while revenue increased by 8% to €1.8 billion. Value-Added Revenue (VAR) rose 18% to €696 million. Net income jumped to €30 million from €7 million in Q4 2021. For the full year, revenue surged 32% to €8.1 billion, with net income at €308 million. The company anticipates continued strength in aerospace demand for 2023 and projects Adjusted EBITDA between €640 million and €670 million. Liquidity at year-end was €709 million, with net debt reduced to €1.891 billion.

Constellium SE (NYSE: CSTM) has announced the appointment of Jack Guo as Chief Financial Officer, effective April 1st, 2023, following the departure of Peter Matt. CEO Jean-Marc Germain expressed gratitude for Matt's contributions in transforming the company over six years, highlighting his role in improving operating results and strategic development. Guo, who joined Constellium in 2017 and has held various finance roles, is expected to drive financial performance and support the company's growth. Constellium reported €6.2 billion in revenue for 2021, positioning itself as a leader in innovative aluminium products.